Buffett Rule

Congressional Outlook Post Easter Recess

Consider This

Congressional Outlook Post Easter Recess

Mercifully for those of us who live and work in Washington, D.C., both the House and Senate have decamped for a two-week break back in their home states. 

So what do we expect when they return?  Something on the order of “let the political games begin!” Absent a major ‘kumbaya’ moment –which gets further out of reach as each day passes and we get closer to election day on November 6th– Washington is going to resemble the “Hunger Games” without the bows and arrows.

Continue reading...

Charitable Deduction | Federal

Buffett or Buffets – Our take on the new tax restrictions

Consider This…

So we wonder, what do people think when they hear the President talking about the Buffett Rule? 

Well of course all of you astute readers know that the Buffett Rule is all about billionaire Warren Buffett’s tax rate and not about a salad bar that goes on for miles.  President Obama’s basic premise behind the Buffett Rule is this: millionaires and billionaires should not have a lower tax rate than their secretaries, the police officer that protects them or the teacher that educates their children.

Some wonder how that that scenario could be possible. It’s possible because…

Continue reading...